Metaplanet’s stock reached an all-time high of ¥6,650, with weekly gains of 36% and monthly gains of 81%, prompting praise from MicroStrategy’s Michael Saylor
The Japanese company issued its sixth unsecured corporate bond at 0% interest, raising ¥4 billion to purchase Bitcoin
Metaplanet announced plans to acquire 21,000 Bitcoins by the end of 2026
CEO Simon Gerovich pointed out Morgan Stanley’s short position of over 1 million shares in Metaplanet
MicroStrategy recently purchased 7,633 BTC for $742 million, bringing their total holdings to 478,740 BTC
Japanese firm Metaplanet has raised ¥4 billion through a zero-interest bond issue to fund its Bitcoin acquisition strategy, as the company’s stock price reached an all-time high of ¥6,650. The announcement comes amid a strong rally in the company’s shares, which have gained 36% over the past week and 81% in the last month.
The company’s sixth unsecured corporate bond issue was completed without collateral or guarantees, highlighting the market’s confidence in Metaplanet’s financial stability. The funds will be used to immediately purchase Bitcoin, allowing the company to bypass the waiting period typically associated with exercising stock acquisition rights.
Metaplanet’s stock performance has caught the attention of industry leaders, including MicroStrategy’s Executive Chairman Michael Saylor, who praised the company’s commitment to its Bitcoin strategy. The stock has shown remarkable growth from its October 2024 price of under ¥1000, delivering one-year returns of 4,000%.
The company has emerged as a major player in Japanese financial markets, with its stock becoming the 19th most liquid on the Japanese exchange. Bitcoin strategist Dylan LeClair reported that Metaplanet recorded a trading volume of ¥42.6 billion (approximately $277 million) in recent trading.
CEO Simon Gerovich addressed the company’s critics, particularly targeting Morgan Stanley’s short position in Metaplanet stock. Gerovich pointed out that the investment bank maintains a short position of over 1 million shares, despite the company’s strong performance.
The zero-interest bond issue is part of Metaplanet’s broader strategy to expand its Bitcoin holdings. The company has announced plans to acquire 21,000 Bitcoins by the end of 2026, demonstrating its long-term commitment to cryptocurrency investment.
Bitcoin Trading Price
Metaplanet’s approach mirrors that of MicroStrategy, which continues to expand its Bitcoin holdings. MicroStrategy recently acquired 7,633 BTC for $742 million, bringing its total Bitcoin holdings to 478,740 BTC.
The current market environment shows Bitcoin trading at $96,226, with a market capitalization of $1.90 trillion. Daily trading volume has increased by 8.7% to $37 billion, while 24-hour liquidations have reached $43 million, with long liquidations accounting for more than $37 million.
The bond issue represents a unique approach to cryptocurrency investment, as the zero-interest rate indicates strong market confidence in Metaplanet’s business model and strategy. The company plans to use these funds to enhance its treasury operations and create additional value for shareholders.
Metaplanet’s stock performance stands out in the Japanese market, particularly given its focus on Bitcoin investment. The company’s share price movement from under ¥1000 to over ¥6,650 represents one of the most substantial gains in the Japanese stock market.
The trading volume of ¥42.6 billion demonstrates high market interest in Metaplanet’s stock, reflecting active participation from both institutional and retail investors. This level of trading activity places Metaplanet among the most actively traded stocks in Japan.
Metaplanet’s decision to issue bonds without collateral or guarantees shows the company’s strong credit profile. The zero-interest rate on the bonds suggests that investors are confident in the company’s ability to meet its financial obligations.
The company’s target of acquiring 21,000 Bitcoins by 2026 provides a clear roadmap for its investment strategy. This transparent approach to cryptocurrency investment has helped build investor confidence in Metaplanet’s business model.
The recent performance of Metaplanet’s stock comes as Bitcoin experiences some price volatility, with the cryptocurrency currently trading below its recent highs. The daily trading data shows increased market activity, with substantial liquidations occurring in the market.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear (@saylor) February 12, 2025
